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VIC-WIN

Active
Public limited companyfounded 201412 yrs activeLouizalaan 480, 1050 Elsene, BelgiumKBO/BCE: BE 0544.735.271
Summary

The computed 12-month bankruptcy probability of VIC-WIN is 3.6% (moderate). The 2025 annual accounts show negative equity (-€629,434) and a net result of -€66,990. Equity is shrinking by ~27.3% per year across the filed fiscal years. The company has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2025
Axes · tick = 2024
Profitability0=
Solvency0=
Growth32=
Track record100
Bankruptcy probability, 12 months
3.6% Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.3; short-term debt: 332.5% and cash: 100% of total assets), and equity is negative.
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Signals

Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025
Age of the figures
Age of the figures
9 mo
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 12 years 0 20 y
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025
Equity per financial year
1819202122232425
2018 to 2025 · latest year -€629,434
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-07-2026, 3 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
3 d early
2024
3 d early
2023
27 d late
2022
32 d early
2021
19 d early
2020
44 d early
2019
26 d late
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 7 accounts on average 7 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven months
Position in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 21 January 2014, VIC-WIN was incorporated.1 Total assets went from EUR 1.8 million in 2018 to EUR 6,414 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2025

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Financials · fiscal year 2025, full schema

Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€66,990▼ 3.3%
2024 · -€64,861
Working capital
-€14,910▲ 97.3%
2024 · -€562,444
Trend over the years

Click a name to add, emphasise or remove a line.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20212022202320242025
Operating result-€39,673▲ 27.9%-€58,998▼ 48.7%-€26,987▲ 54.3%-€26,367▲ 2.3%-€25,051▲ 5.0%
Net result-€184,623▼ 223%-€157,363▲ 14.8%-€62,845▲ 60.1%-€64,861▼ 3.2%-€66,990▼ 3.3%
Equity-€277,375▼ 199%-€434,738▼ 56.7%-€497,583▼ 14.5%-€562,444▼ 13.0%-€629,434▼ 11.9%
Total assets€1.7m▼ 10.9%€90,339▼ 94.8%€13,511▼ 85.0%€3,350▼ 75.2%€6,414▲ 91.5%
Debt€2.0m▼ 1.4%€525,077▼ 73.9%€511,095▼ 2.7%€565,794▲ 10.7%€635,848▲ 12.4%
Working capital€1.7m▼ 9.7%-€434,738-€497,583▼ 14.5%-€562,444▼ 13.0%-€14,910▲ 97.3%
Result per fiscal year
Operating resultNet result
-€200,000-€150,000-€100,000-€50,000€0Operating result 2021: -€39,673-€39,673Net result 2021: -€184,623-€184,623Operating result 2022: -€58,998-€58,998Net result 2022: -€157,363-€157,363Operating result 2023: -€26,987-€26,987Net result 2023: -€62,845-€62,845Operating result 2024: -€26,367-€26,367Net result 2024: -€64,861-€64,861Operating result 2025: -€25,051-€25,051Net result 2025: -€66,990-€66,99020212022202320242025-€80,000-€60,000-€40,000-€20,000€0Operating result 2023: -€26,987-€27,000Net result 2023: -€62,845-€62,800Operating result 2024: -€26,367-€26,400Net result 2024: -€64,861-€64,900Operating result 2025: -€25,051-€25,100Net result 2025: -€66,990-€67,000202320242025
The operating result stays negative: a loss of €25,051 in 2025 against €26,367 in 2024; the loss shrinks.
Key figures and ratios
2025 value · change against 2024
Current ratio
0.30
Debt to equity
-1.01
Debt ≤ 1 year
€21,323▼
2024 · €565,794
Debt > 1 year
€614,525
A ratio outside any meaningful range has been withheld (balance sheet total €6,414, equity -€629,434).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 6,943 companies that looked in July 2024 the way this one looks now, 5.5% went bankrupt within 24 months and 85% are still going.

  • Micro
  • 10 to 20 years old
  • negative equity
  • a loss of 10% of the balance sheet or more
5.5% went bankrupt
8.1% stopped otherwise
85% still going

A further 1.5% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 3.6% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.6%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 6,943 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 27 lines
Balance sheet Code20242025
Assets
Total assets20/58€3,350€6,414▲
Current assets29/58€3,350€6,414▲
Cash at bank and in hand54/58€3,350€6,414▲
Equity and liabilities
Total equity and liabilities10/49€3,350€6,414▲
Equity10/15-€562,444-€629,434▼
Contributions10/11€250,000€250,000=
Capital10€250,000€250,000=
Issued capital100€250,000€250,000=
Profit (loss) carried forward14-€812,444-€879,434▼
Amounts payable17/49€565,794€635,848▲
Amounts payable after more than one year17-€614,525
Financial debts170/4-€614,525
Amounts payable within one year42/48€565,794€21,323▼
Financial debts43€560,051-
Other loans439€560,051-
Trade debts44€5,743€21,323▲
Suppliers440/4€5,743€21,323▲
Income statement Code20242025
Other operating charges640/8€387€400▲
Gross operating margin9900-€25,980-€24,651▲
Operating profit (loss)9901-€26,367-€25,051▲
Financial charges65/66B€38,494€41,939▲
Recurring financial charges65€38,494€41,939▲
Profit (loss) for the period before taxes9903-€64,861-€66,990▼
Profit (loss) for the period9904-€64,861-€66,990▼
Profit (loss) for the period to be appropriated9905-€64,861-€66,990▼
Appropriation of the result
Profit (loss) to be appropriated9906-€812,444-€879,434▼
Profit (loss) brought forward from the previous period14P-€747,583-€812,444▼

The notes to these accounts (2 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€3,460-€3,460----
Other operating charges640/8€913€868€1,549€387€400▲ 3.2%
Gross operating margin9900-€35,301-€61,590-€25,438-€25,980-€24,651▲ 5.1%
Operating profit (loss)9901-€39,673-€58,998-€26,987-€26,367-€25,051▲ 5.0%
Financial charges65/66B€144,949€98,365€35,859€38,494€41,939▲ 9.0%
Recurring financial charges65€144,949€98,365€35,859€38,494€41,939▲ 9.0%
Profit (loss) for the period before taxes9903-€184,623-€157,363-€62,845-€64,861-€66,990▼ 3.3%
Profit (loss) for the period9904-€184,623-€157,363-€62,845-€64,861-€66,990▼ 3.3%
Profit (loss) for the period to be appropriated9905-€184,623-€157,363-€62,845-€64,861-€66,990▼ 3.3%
Line20212022202320242025Change
Assets
Total assets20/58€1.7m€90,339€13,511€3,350€6,414▲ 91.5%
Current assets29/58€1.7m€90,339€13,511€3,350€6,414▲ 91.5%
Stocks and contracts in progress3€981,007-----
Stocks30/36€981,007-----
Amounts receivable within one year40/41€146,139€3,843€8,036---
Trade receivables40€146,139€175€8,036---
Other amounts receivable41-€3,668----
Cash at bank and in hand54/58€611,086€86,496€5,476€3,350€6,414▲ 91.5%
Equity and liabilities
Total equity and liabilities10/49€1.7m€90,339€13,511€3,350€6,414▲ 91.5%
Equity10/15-€277,375-€434,738-€497,583-€562,444-€629,434▼ 11.9%
Contributions10/11€250,000€250,000€250,000€250,000€250,000=
Capital10€250,000€250,000€250,000€250,000€250,000=
Issued capital100€250,000€250,000€250,000€250,000€250,000=
Profit (loss) carried forward14-€527,375-€684,738-€747,583-€812,444-€879,434▼ 8.2%
Amounts payable17/49€2.0m€525,077€511,095€565,794€635,848▲ 12.4%
Amounts payable after more than one year17€2.0m---€614,525-
Financial debts170/4€2.0m---€614,525-
Amounts payable within one year42/48€15,386€525,077€511,095€565,794€21,323▼ 96.2%
Financial debts43-€500,000€509,507€560,051--
Other loans439-€500,000€509,507€560,051--
Trade debts44€15,386€25,077€1,588€5,743€21,323▲ 271%
Suppliers440/4€15,386€25,077€1,588€5,743€21,323▲ 271%
Accrued charges and deferred income492/3€221-----
Line20212022202320242025Change
Profit (loss) for the period9904-€184,623-€157,363-€62,845-€64,861-€66,990▼ 3.3%
Operating cash flow (approximation)-€184,623-€157,363-€62,845-€64,861-€66,990▼ 3.3%
Change in cash--€524,590-€81,021-€2,126€3,064▲ 244%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
28-07
NBB filing Annual accounts filed
fiscal year 2025 · full schema
2025
28-07
NBB filing Annual accounts filed
fiscal year 2024 · full schema
2024
27-08
NBB filing Annual accounts filed
fiscal year 2023 · full schema · 27 days late
2023
29-06
NBB filing Annual accounts filed
fiscal year 2022 · full schema
2022
12-07
NBB filing Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial Weakest financial yearnet -€184,623
Net result drops to -€184,623, the lowest in the series; recovery starts the following year.
31-12
Financial Liquidity triplescurrent ratio 112.97
Current ratio from 45.08 to 112.97; short-term debt falls from €43,273 to €15,386.
17-06
NBB filing Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial Liquidity times 32current ratio 45.08
Current ratio from 1.43 to 45.08; short-term debt falls from €1.3m to €43,273.
26-08
NBB filing Annual accounts filed
fiscal year 2019 · micro schema · 26 days late
2019
20-06
NBB filing Annual accounts filed
fiscal year 2018 · full schema
2018
21-06
NBB filing Annual accounts filed
fiscal year 2017 · full schema
2017
26-06
NBB filing Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 10 acts read
About the unread acts

We know of 10 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
10 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Elsene · 1 establishment unit since 2014
seat establishment The establishment unit on the map
Ground area
2,791 m²
Building footprint
1,235 m²
Volume, LiDAR
89,309 m³
Parcel 21822R0227/00V003, Brussels · tallest building 106.8 m, ±30 floors. Linked by address, not a title deed.
268 companies at this address See who is registered here
1 establishment unit
VIC-WIN
Louizalaan 480, 1050 ElseneNACE 68100
since 20142.231.599.024
1 parcel
Brussels 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
21822R0227/00V003 Brussels 2,791 m² 1 · 1,235 m² 106.8 m · 30 fl.
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Structure & network

Part of the group EAGLESTONE 22 companies Group, risk and exposure

Owners and holdings

1 owner

Chain of control

  1. EAGLESTONE 100%
  2. VIC-WIN

Highest known parent: EAGLESTONE. The sources do not say who stands above it.

Owners 1

Holdings 0

The accounts to 31-12-2025 list no holdings, and no other source names one.

According to the 2025 annual accounts of VIC-WIN and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

No current directors or connected companies found in the register.

Identification & contact

Identification
Legal formPublic limited company
Founded21-01-2014
Fiscal year end31-12
E-invoicing
Reachable via Peppol
Peppol ID 0208:0544735271
Also 9925:BE0544735271
Registered 20-11-2020

Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.